Singapore : Coal-fired power plants will be the primary driver of infrastructure investment in India’s power sector over the next decade, Fitch Solutions said on Tuesday. The country hosts 40 coal-fired power plant projects currently under construction involving a combined investment of 40.2 billion dollars and accounting for 61 GW of capacity. Additionally, the country […]
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Fitch Ratings has affirmed ReNew RG II’s USD525 million senior secured notes due 2024 at ‘BB’. ReNew RG II is a restricted group of subsidiaries owned by ReNew Power Private Limited (ReNew; BB-/Stable). The rating on the notes reflects the credit profile of the restricted group (RG) of eight entities that have an operating capacity […]
Fitch Ratings has affirmed the rating of Neerg Energy Ltd’s USD475 million senior unsecured notes due 2022 at ‘BB-‘. The rating on the notes reflects the credit profile of a restricted group (RG) of subsidiaries owned by ReNew Power Private Limited (ReNew; BB-/Stable). The RG has an operating capacity of 606MW in wind (66% of […]
Fitch rates REC Ltd’s proposed USD notes BBB-minus Hong Kong: Fitch Ratings has assigned REC Ltd’s proposed senior unsecured notes a rating of BBB-negative. REC (earlier known as Rural Electrification Corporation) is a Navratna company under the administrative control of Ministry of Power. The proposed notes will be issued from REC’s existing 7 billion dollar […]
More than 20GW of non-hydro capacity is expected to come online in Taiwan by 2030, according to a new report, driven by solar installations and offshore wind. Although it received a sharp shock at the start of last year, the speed of Taiwan’s transition to solar and wind power could still go a long way […]
Fitch Rates India-Based Continuum’s Proposed USD Notes First-Time ‘BB+(EXP)’, Outlook Stable (The following statement was released by the rating agency) Fitch Ratings-Singapore-28 January 2021: Fitch Ratings has assigned Continuum Energy Levanter Pte. Ltd.’s (CELP) proposed US dollar senior secured notes due 2027 an expected rating of ‘BB+(EXP)’. The Rating Outlook is Stable. CELP is a […]
Asian giant and Middle east markets favourites for investors thanks to price reductions and policy backing, say analysts China and the United Arab Emirates (UAE) have been identified as the two key solar investment “hotspots” outperforming other global markets due to ongoing cost reductions and highly supportive regulatory policies, according to research from Fitch Solutions. […]